Printed Electronics Market Overview:
The printed electronics market is poised to evaluate at USD 11.50 billion by 2023, at a CAGR of 13% throughout the assessment period (2018–2023).
Printed electronics is an umbrella term for printing methods used to create electronic devices by the printing of a variety of substrates. Basically, printed electronics relates to the printing in which one or more inks made of carbon-based compounds are used for the manufacturing of organic or plastic electronics. Printed electronics are used to form flexible keyboards, antennas, electronic skin patches, and more.
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Over the last couple of years, printed electronics technology has evolved dramatically. Today, inkjet printers are capable of printing electrical circuits at a much faster and affordable rate. Printed electronics is one of the fastest growing technologies and is becoming indispensable across the industries, including healthcare, aerospace, media, and transport.
With the augmenting demand for wearable devices and thinner electronics, the printed electronics market has been expanding continually. Developments in IoT and the demand for cost-competitive electronic products are impacting the market growth positively. Moreover, the wide adoption of printed electronics technology and solutions globally escalates the market on the global platform.
The automotive industry, due to its vast absorption of sensors, lighting panels, and displays accounts for a significant market for printed electronics. The emergence of autonomous vehicles would offer huge opportunities to the printed electronics vendors to generate revenue from the automotive industry vertical.
On the other hand, lacks expertise and budget constraints to upgrade existing systems are some of the major factors expected to impede the development of the market in the upcoming years. Nevertheless, expected advances in technology would not only bring the required expertise in the market but also reduce the cost of printed electronics.
Printed Electronics Market Key Players
Market Research Future (MRFR) has profiled many noteworthy players in the global printed electronics market including SAMSUNG (South Korea), FM Systems (US), Agfa-Gevaert (Belgium), Novacentrix (US), BASF (Germany), Thin Film Electronics (Norway), E Ink Holdings (Taiwan), Molex (US), Xerox (Palo Alto Research Center) (US), Brightvolt (US), and Intrinsiq Materials (US).
Printed Electronics Market Industry Update
March 2019: Mühlbauer and PragmatIC have announced a strategic partnership to deliver solutions that support the integration of PragmatIC’s unique flexible integrated circuits (FlexICs). Mühlbauer is a technology supplier of RFID, smart label production and personalization solutions. PragmatIC is a pioneer company in the production and innovation of low-cost, flexible electronics.
Printed Electronics Market Segmentation
The global printed electronics market is segmented by Market Research Future (MRFR) on the basis of printing technology, application, and industry vertical. By printing technology, the printing electronics market is segmented into inkjet printing, gravure printing, screen printing, and flexographic printing. Based on application, the printed electronics market has been segmented into RFID tags, photovoltaics, displays, batteries, and sensors, lighting solutions. Based on industry vertical, the printed electronics market is segmented into consumer electronics, healthcare, aerospace and defense, automotive, retail, and consumer goods.
Printed Electronics Market Detailed Regional Analysis
The global printed electronics market is segmented by geography by Market Research Future into North America, Europe, the Asia Pacific (APAC) and the Rest of the World (RoW). North America is estimated to hold dominance over the global printed electronics market during the assessment period of 2018 to 2023. Faster adoption of latest and innovative technologies in the semiconductor industry, coupled with a developed infrastructure to support seamless integration is prognosticated to enable North America to hold dominance in the printed electronics market. The region also showcases an enormous potential for revenue generation in the printed electronics industry owing to a rise in the adoption of printed electronics technologies in the automotive and consumer electronics industries. The U.S. is anticipated to govern the printed electronics market in the region.
The Asia Pacific is predicted to showcase the fastest market growth for printed electronics during the review period owing to the availability of low-cost technologies, and the presence of many manufacturing firms in the region. Countries such as China, India, and Japan are expected to pose as leading country-specific markets in the Asia Pacific during the forecast timeline.
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Printed Electronics Market Competitive Analysis
The prominent players in the printed electronics market are anticipated to follow organic as well as inorganic approaches to capture larger market shares. Some of these approaches include product development, strategic partnerships with peers, as well as, mergers and acquisitions to broaden product portfolio and propose innovative solutions. The competitiveness in the global printed electronics market is predicted to intensify due to prompt technological advancements. Many organizations are likely to focus fiercely on their product portfolios and integration of the latest innovations to deliver advanced products and gain a competitive advantage in the market.
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